Banking Debit vs. Credit

An example of a financial institution is:

• A department store

• A bank

• A school

• An ATM machine

A debit card allows for an immediate electronic transfer of money from a cardholder's savings or checking account.

• True

• False

A debit card is handy in an emergency when you don't have the money to spend.

• True

• False

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Which is a disadvantage of a credit card?

• Credit cards are buy-now, pay later

• Credit cards provide preapproved credit

• Credit cards charge interest

• Credit cards are the best way to pay for something online, because you can dispute a the charge

A card authorizing the holder to buy goods and service that can be paid for later.

• Credit Card
• Debit Card
• Check
• Credit Score

An amount deducted from a bank account.

• Deposit
• Credit
• Investment
• Debit

Tags

CCSS.6.NS.C.5

Looks like a credit card but works like cash; $ is immediately subtracted from acct when used.

• Rewards Card
• Credit Card
• Debit Card
• Deductible Card

What does it mean to make a withdrawal?

• Find the amount of money in the account
• Add money to the account
• Subtract money from the account
• Write a check

Tags

CCSS.2.OA.A.1

The balance in your account is $500.  You then deposit $23 into your account.  What is your new balance?

• $500
• $477
• $523
• $23

Tags

CCSS.5.NBT.B.7

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

Tags

CCSS.7.NS.A.3